Looking to diversify beyond FDHIX? The mutual funds below have the lowest correlation with FDHIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FDHIX.
Best Diversifiers for FDHIX
4 mutual funds have low correlation with FDHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.09 | -0.04 | 0.03 | 84 | Bank Loan | FDHIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.09 | — | — | 98 | Bank Loan | FDHIX vs CAPIX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.21 | 0.17 | 0.22 | 98 | Event Driven | FDHIX vs VARBX | |
| RiverPark Floating Rate CMBS Fund | 0.26 | 0.18 | 0.19 | 100 | Bank Loan | FDHIX vs RCRIX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.31 | 0.37 | 0.53 | 87 | Bank Loan | FDHIX vs FFRSX |
See all 20 diversifiers for FDHIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FDHIX
Add FDHIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDHIX